Which Describes a Risk Effect

question 32

Multiple Choice

Which describes a risk effect?

• A) The uncertainty expressed as a negative or favourable occurrence
• B) The issue which is affecting the project and has resulted in a risk
• C) The impact(s) on the project objectives should the threat or opportunity occur
• D) The change in the status of a risk in response to actions taken to control it

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Definitions:

Accumulated Depreciation

This refers to the total amount of depreciation expense that has been recorded for an asset since it was acquired, reflecting its decrease in value over time.

Cash Price

The amount of money required to purchase a good or service using cash, as opposed to credit terms or financing.

Trade-In Allowance

An amount credited to the buyer by the seller for a trade-in, which is applied to the purchase price of a new item.

Accumulated Depreciation

The total depreciation for a fixed asset that has been charged to expense since that asset was acquired and made available for use.